Common use of New Employment Agreements Clause in Contracts

New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by Grand Premier or any of its subsidiaries, as the case may be, without cost or penalty upon 60 days' or less notice, except as contemplated by this Plan of Merger.

Appears in 2 contracts

Samples: Merger Agreement (Grand Premier Financial Inc), Merger Agreement (Old Kent Financial Corp /Mi/)

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New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by Grand Premier Pinnacle or any of its Pinnacle's subsidiaries, as the case may be, without cost or penalty upon 60 days' or less notice, except as contemplated by this Plan of Merger.

Appears in 1 contract

Samples: Merger Agreement (Old Kent Financial Corp /Mi/)

New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by Grand Premier Keystone or any of its subsidiariesa Subsidiary, as the case may be, without cost or penalty upon 60 days' or days’or less notice, except as contemplated by this Plan of Merger.

Appears in 1 contract

Samples: Merger Agreement (Firstbank Corp)

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New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by Grand Premier Merchants or any of its subsidiaries, as the case may be, without cost or penalty upon 60 days' or less notice, except as contemplated by this Plan of Merger.

Appears in 1 contract

Samples: Merger Agreement (Merchants Bancorp Inc/De/)

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